STREAMING NOW: Watch Now

China plans tariffs on $60 billion of US products

China has announced plans to put tariffs of up to 25% on US products worth $60 billion, the latest salvo in ...

Posted: Aug 3, 2018 3:35 PM
Updated: Aug 3, 2018 3:35 PM

China has announced plans to put tariffs of up to 25% on US products worth $60 billion, the latest salvo in an escalating trade war.

The Chinese government said Friday that it would impose duties of 25%, 20%, 10% and 5% on the products if the Trump administration follows through on threats to tax $200 billion of Chinese goods.

"In violation of the bilateral consensus reached after multiple rounds of negotiations, the United States has again unilaterally escalated trade frictions," the Chinese State Council Tariff Commission said in its statement on Friday.

China listed 5,207 US products that it would target in an effort to "safeguard its own legitimate interests."

Products in line for tariffs include meat, coffee, nuts, alcoholic drinks, minerals, chemicals, leather products, wood products, machinery, furniture and auto parts.

Related: The making of a global trade war

Sarah Sanders, the White House press secretary, said in a statement that "instead of retaliating, China should address the longstanding concerns about its unfair trading practices."

The United States and China trade goods and services worth about $650 billion each year, the largest trading relationship in the world between two countries.

But China exports far more to the United States than the other way round, making it more challenging for the country to hit back against US tariffs.

These new tariffs would affect about 38% of all American exports to China, which are worth about $170 billion in total.

Related: A brief history of the US-China trade war

Trade tensions between the United States and China have been on the rise since April 2017, when President Donald Trump directed the US Commerce Department to investigate whether imports of steel and aluminum from China and other countries threatened national security.

The investigation resulted in tariffs on steel and aluminum products from China and many other countries in March. Beijing responded with equal measures.

Then, in July, the United States imposed tariffs on $34 billion of Chinese goods to pressure the country into abandoning what the Trump administration describes as unfair practices such as stealing intellectual property. Beijing again responded with penalties of an equal scale, targeting American products such as motorcycles and communications satellites.

The most recent threat from the Trump administration came this week, when it warned that it could impose steeper tariffs than originally planned on another batch of imports from China.

The White House had previously asked the Office of the United States Trade Representative about the possibility of imposing a 10% tariff on $200 billion worth of Chinese goods. Under the new plan, tariffs of 25% would be applied.

Protectionist moves by the United States have drawn a response from other trading major partners. Canada, Mexico and the European Union have responded to US taxes on steel and aluminum with retaliatory tariffs.

-- Kaitlan Collins contributed reporting.

Huntsville
Clear
70° wxIcon
Hi: 81° Lo: 59°
Feels Like: 70°
Florence
Clear
72° wxIcon
Hi: 79° Lo: 61°
Feels Like: 72°
Fayetteville
Clear
68° wxIcon
Hi: 81° Lo: 56°
Feels Like: 68°
Decatur
Clear
66° wxIcon
Hi: 82° Lo: 58°
Feels Like: 66°
Scottsboro
Broken Clouds
66° wxIcon
Hi: 83° Lo: 59°
Feels Like: 66°
WAAY Radar
WAAY WAAY-TV Cam
WAAY Temperatures

Alabama Coronavirus Cases

Confirmed Cases: 17061

Reported Deaths: 611
CountyConfirmedDeaths
Mobile2162114
Jefferson1744102
Montgomery159038
Tuscaloosa72014
Marshall6819
Franklin5407
Lee53632
Shelby49719
Tallapoosa42264
Butler39616
Chambers35224
Walker3302
Madison3244
Elmore3237
Baldwin2829
Dallas2553
Etowah24711
Morgan2441
DeKalb2433
Lowndes22711
Coffee2261
Sumter2166
Autauga2123
Houston2044
Bullock2014
Pike1910
Colbert1652
Russell1620
Marengo1606
Hale1578
Lauderdale1562
Calhoun1533
Choctaw1498
Barbour1471
Wilcox1417
Clarke1342
Randolph1257
Marion12011
St. Clair1181
Cullman1140
Pickens1094
Dale1060
Talladega1063
Chilton991
Greene934
Limestone920
Winston870
Covington771
Jackson762
Crenshaw733
Henry732
Macon723
Bibb711
Washington676
Blount601
Escambia573
Lawrence480
Geneva390
Coosa381
Conecuh381
Cherokee363
Monroe362
Perry350
Clay272
Lamar230
Cleburne141
Fayette130
Unassigned00

Tennessee Coronavirus Cases

Confirmed Cases: 22063

Reported Deaths: 361
CountyConfirmedDeaths
Davidson496860
Shelby4823110
Trousdale13934
Rutherford116222
Sumner85845
Hamilton75315
Bledsoe6081
Williamson54210
Putnam4656
Robertson4493
Tipton4373
Lake4130
Wilson3898
Out of TN3794
Knox3665
Bedford2834
Montgomery2623
Rhea2090
Hardeman1950
Madison1752
Loudon1420
McMinn13614
Macon1303
Cheatham1180
Bradley1131
Fayette1122
Cumberland1111
Dickson1100
Blount893
Maury880
Sevier802
Washington750
Coffee700
Unassigned670
Wayne630
Gibson621
Monroe612
Sullivan602
Hickman570
Lauderdale561
Franklin511
Dyer500
Greene492
Marion391
Anderson391
DeKalb370
Hamblen342
Smith321
Hawkins322
Grundy321
White310
Marshall311
Haywood302
Henry300
Obion301
Lawrence290
Jefferson280
Carroll271
Overton260
Meigs260
Weakley260
Lincoln250
Warren230
Cocke200
Carter191
Perry170
Morgan170
Cannon170
Jackson170
Campbell171
Roane160
Johnson160
Crockett162
Sequatchie150
Henderson150
Polk150
Humphreys131
Chester120
Fentress120
McNairy120
Scott120
Giles120
Hardin122
Stewart110
Claiborne90
Houston80
Benton71
Clay70
Grainger60
Decatur50
Van Buren40
Union40
Unicoi40
Pickett30
Lewis30
Moore30
Hancock10

 

 

Community Events